Yamatane Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥49.83 per share, a gain of 5.0% from ¥47.46 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥529.5 million, a gain of 5.0% from ¥504.4 million in the prior-year period.

The normalized profit margin increased to 4.2% from 3.5% in the year-earlier period.

Total revenue fell 10.7% on an annual basis to ¥12.69 billion from ¥14.21 billion, and total operating expenses decreased 12.1% from the prior-year period to ¥11.48 billion from ¥13.07 billion.

Reported net income rose 6.6% year over year to ¥500.0 million, or ¥47.05 per share, from ¥469.0 million, or ¥44.13 per share.

For the year, the company's normalized net income totaled ¥193.39 per share, a gain of 28.5% from ¥150.52 per share in the prior year.

Normalized net income was ¥2.06 billion, a gain of 28.5% from ¥1.60 billion in the prior year.

Full-year total revenue fell 6.0% from the prior-year period to ¥51.64 billion from ¥54.95 billion, and total operating expenses declined 7.9% year over year to ¥47.07 billion from ¥51.11 billion.

The company said reported net income increased 34.4% year over year to ¥2.04 billion, or ¥192.15 per share, in the full year, from ¥1.52 billion, or ¥142.93 per share.

As of June 24, US$1 was equivalent to ¥124.31.